But then again, Joseph Muscat had advised Lawrence Gonzi to follow Cyprus’s lead. So he continues to be true to form. Alas for all of Malta.

Pirates of the Caribbean – the real life story of Henley and partners in St Kitts and Nevis

http://www.reuters.com/article/2012/02/12/us-passport-idUSTRE81B05A20120212

Kempadoo, who is developing a new resort called Kittitian Hill, worries that public-private partnerships such as Henley’s compromise the island’s sovereignty.

“They’re pirates of the Caribbean,” he says of companies handling the citizenship business. “The situation of the country predicates that they are open to citizenship by investment. St. Kitts’ debt is 180 percent of its GDP. How can the government say no?”

Till a year ago, with Dr. Gonzi as Prime Minister, Malta was sailing smoothly in very rough seas while other countries were really struggling.

Now Malta has to struggle in much calmer waters.

Could it be that the captain of the ship makes all the difference? A good captain manages to steer his ship forward even in treacherous waters and a mutiny on his hands.

Our ‘new citizens’ will have nothing other than a 5 year investment to tie them to Malta and the flow of their so called investments WILL eventually be reversed leaving us with a huge problem to solve when this happens. And who be asked to underwrite this reversal? The real citizens of Malta, you and me of course!

The pity is that Cyprus has already tried this a modified version of this model and the damage that the inflow of Russian ‘investment’ money, has had on the country is there to for all to see, except it seems, our Prime Minister.

The only advantage of reaching rock bottom is that there is only one way to go – up. However, I wouldn’t bet on it. If there is one skill that Labour has it’s the ability to dream up something that will plunge us even deeper.

After waiting about ten minutes, and moving about 2 metres, a group of at least 15 Chinese teenagers walked past, dressed as you do if you have money to burn, some with their sunglasses still on.

They were being led by a suited airport/government official with a huge smile on his face. A counter had been specially opened just for them, and they were done with immigration control in next to no time.

No prizes for guessing what just happened.

If the original cap of 1,800 citizenship applications still holds, at this rate Malta will be getting close to 30,000 new citizens soon.

And 25,000 euros for a passport AND VIP treatment? That’s a pretty sweet deal.

X’elf miljun Ciccio, dawn jekk idahhlu 30 miljun dis-sena jiccelebraw.

And how, pray, does he intend to generate the economy with that amount?

This thing’s taken over and we’ve been left to our own devices.